![]() “Businesses need simple financial infrastructure that just works, no matter where they sell to,” said Clayville. “Digital trade is creating opportunities for businesses to expand their total addressable markets, but success never comes easily,” said Mike Clayville, chief customer officer at Stripe. Based on Stripe transaction data from 2022, the top five digital export markets for Australia, Mexico, Singapore, the United States, and the United Kingdom stretch to three continents.įor Singaporean businesses, the top 5 digital export markets in 2023 are the United States, Australia, the United Kingdom, Malaysia, and Japan. The overall geographic scale of digital export routes is also broadening for all countries analysed in the report. The fastest growing digital export market for Singaporean businesses is Japan, with 60% year-on-year growth from 2021 to 2022. While many of the fastest-growing digital export routes are between neighboring countries, there are striking exceptions. Traditional, offline industries-such as education-are also transforming in a digitised global economy, with 88% selling internationally today, and 70% planning to expand further internationally in the next two years. Globally, 51% of enterprises plan to expand further internationally in the next two years. From 2021 to 2022, there was a 61% growth in Singaporean enterprises selling internationally via digital channels on Stripe. Large traditional enterprises-often with thousands of employees-are also leaning into cross-border expansion. Of these, 18% sell to more than 11 global markets. Globally, 81% of sole proprietor businesses now sell internationally, heralding the rise of single-person multinationals. About three-fifths (59%) think it is easier to run an international business today than it was five years ago and only 25% find it harder to do so.Īmong consumers 84% of Singaporeans are now open to buying physical goods cross-border, while 74% are open to buying digital services.Īlso, digital exports are leveling the playing field and allowing businesses of all sizes-from “single-person multinationals” to large and predominantly offline traditional enterprises-to access global markets. Among firms, 84% are planning to expand into other countries within the next two years, while 30% expect more than 75% growth internationally over the next five years.īusinesses in Singapore feel there are fewer restrictions on how they operate today compared to the past. These include : Australia, France, Germany, Ireland, Japan, Mexico, Singapore, the United Kingdom, and the United States.įindings show that despite macroeconomic challenges, both businesses and consumers are optimistic about buying and selling more outside of Singapore. The report draws on aggregated transaction data from the Stripe platform as well as surveys with 1,700 business leaders and 11,500 consumers across nine global markets. Last year, Danone dropped the WhiteWave name a year after completing the deal.Consumers and businesses are optimistic about the globalised economy, with businesses looking to expand into new international markets, and consumers increasingly willing to purchase cross-border goods and services online, according to a report from Stripe. ![]() The Horizon Organic brand was acquired by Danone as part of the $12.5 billion WhiteWave Foods merger. Growing Years is now available at select stores across the US.Įarlier this year, Danone launched Horizon Organic High Protein, a milk line that is said to provide 50% more protein per serving than traditional dairy milk. In partnership with a network of more than 600 organic farms across the US, Horizon sources its milk from pasture-raised cows that spend at least 120 days grazing each year. “Throughout history, milk has been synonymous with childhood nutrition and healthy development, and offering an organic product specially made for those early years is a natural next step for us.” ![]() “This delicate growing and transition period can feel like a big change for parents and kids alike, and it’s important to Horizon that we continue to support families every step of the way,” said Domenic Borrelli, president of premium dairy at Danone North America. Danone North America has launched Horizon Organic Growing Years, a new whole milk created specifically for children aged one to five.ĭeveloped in partnership with paediatricians, Growing Years contains DHA Omega-3, choline, prebiotics, vitamin D and calcium.
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